As of 17th July 2015, the London Borough of Islington has introduced an innovative new planning policy aimed at tackling the so-called "buy-to-leave" phenomenon. Islington's approach relies on a Supplementary Planning Document entitled "Preventing Wasted Housing Supply". This will require developers to sign a "Section 106" agreement [S106] aimed at ensuring that homes are occupied after they are completed: effectively the agreement cascades down to individual owners as the S106 obligations run with the land as a land charge.
This is the landing page for the SPD that attempts to deal with buy-to-leave properties through planning policy, requiring a level of occupation to be achieved via Section 106 agreements on new developments of 20+ units.
The discussion paper includes the proposals behind the recent headlines about Islington's plans to "fine" empty homes owners £60,000.
This is Premium content. You'll need to logged in to view it. Access is only available to our Full Members and Subscribers.
NB:The system can't recognise whether you have the necessary access rights unless you are logged in
If you don't have an account, or don't have sufficient access rights to view the content, please refer to the About Membership page in the About menu